This result gives a market income distribution (synonymous with AGI) compared to total income, which includes government transfer and other forms of US subsidies, such as food stamps, etc. Henceforth, this market income distribution will be associated with the economy A, shown in Figure 1. At ...
) covers the income deficiency of a low-income household in order to put it on the poverty line. The parameters {𝐵𝐷BD,𝑀𝐷MD,𝑀𝑃MP} define the maximum limits on allowed deductions. After the total tax deduction is determined from (...